Business

The Northern Independent Petroleum Marketers Forum said its members would embark on a strike if the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fails to pay them over N250 billion outstanding bridging claims. The chairperson of the forum, Musa...

United Bank for Africa (UBA) has announced an increase in the workers’ pay, the second in three months this year. In a statement on Friday, UBA said its board of directors had announced the implementation of a cost of living...

Ecobank Group released its 2023 second-quarter results showing a 63% increase in pre-tax profits to N92.52 billion. The increase in second-quarter profits helped its half-year profit before tax to rise by 38% to N150.31 billion compared to N108.96 billion...

The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has highlighted the importance of Environmental, Social, and Governance (ESG) compliance and the democratization of data in attracting investments and enhancing stock liquidity in the Nigerian capital...

The Nigeria Employers Consultative Association has warned that the continuous rising of inflation, if not controlled can hit 25 per cent before the end of the years 2023. The Director-General, NECA, Mr. Wale Oyerinde, In a statement, said the recent...

The Director General, Debt Management Office (DMO), Patience Oniha, has again pushed for policies and actions that will galvanise revenue generation and generally stimulate economic growth. She noted that while Nigeria’s debt to GDP ratio, at below 25 per cent,...

Nigeria’s four refineries in three locations – Port Harcourt (2), Warri and Kaduna – with a combined refining capacity of 650,000 barrels per day, are idle – the state they have been in for about 15 years. Meanwhile, businesses...

July 30, (THEWILL) - Dangote Cement Plc reported a net loss of N113.6 billion on forex-denominated transactions January through June from N40.7 billion one year prior, its unaudited financial report issued on Friday showed. This was amid its...

July 30, (THEWILL) - Nigeria’s foremost brewer, Nigerian Breweries Plc sank to its first half-year loss in at least ten years and its heaviest since it started brewing beer 1949 in Lagos. The loss was recorded against the backdrop...

July 30, (THEWILL) - Despite recording its biggest revenue on record, due to a boom in income from data, MTN Nigeria saw its bottom line for the first half of 2022 weakened by as much as 40...